Funding arb · Price arb /

TAO

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against BingX−0.041%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$310.306% of the position

Long on BingX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.083%−$8 on $10k

Price spread, last 7 days+0.049%+$5 · spread now −0.041%, 7d avg +0.006%

Together, before fees−0.034%−$3 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.046% cheaper against BingX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX TAO-USDT	315.42	0.0100	pay 0.0050% / 4h	17m 07s	—	$32.8M	—
Short	Binance TAOUSDT	315.29	0.0100	get 0.0050% / 4h	17m 07s	$91.1M	$494.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against BingX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BingXbpFee BinancebpOrdersPrice spread, now −0.041%Rate

Funding earned: $0
Price spread: −0.041% → +0.006%: −$4.63
Slippage, 4 orders: −$10.58
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$35.21
Costs to cover: 0.306%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; Binance: live order book, 12 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy BingX live order book, 7 min ago	0.95 bp	6.7 bp −$7	9.6 bp −$96	23.3 bp −$2,334	59.7 bp −$29.9K
Sell Binance live order book, 12 min ago	0.16 bp	7.4 bp −$7	14.9 bp −$149	30.3 bp −$3,030	doesn't fit

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX TAO-USD	0.0000%	1h	315.14	−0.088%	$126K	$85K	5x	as long as short
gTrade (Gains Network) TAO/USD	L +0.0004% / S −0.0004%	1h	315.02	−0.126%	$20K	—	150x	as long as short
Kraken Futures PF_TAOUSD	+0.0056%	1h	315.16	−0.083%	$5.5M	$20.7M	50x	as long as short
Popdex TAOUSDT	+0.0096%	1h	315.15	−0.086%	$43K	$668K	20x	as long as short
Katana Perps TAO-USD	+0.0098%	8h	314.97	−0.143%	$645	$799K	5x	as long as short
Binance TAOUSDTshort	+0.0100%	4h	315.29	−0.041%	$91.1M	$494.7M	75x
Bybit TAOUSDT	+0.0100%	4h	315.52	+0.032%	$68.0M	$148.7M	50x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	315.40	−0.006%	$26.0M	$120.7M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	315.10	−0.101%	$13.0M	$50.1M	50x	as long as short
MEXC TAO_USDT	+0.0100%	4h	315.29	−0.041%	$110.6M	$144.1M	300x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin TAOUSDTM	+0.0100%	4h	315.09	−0.105%	$17.7M	$31.7M	75x	as long as short
Bitget TAOUSDT	+0.0100%	4h	315.23	−0.060%	$35.2M	$56.4M	50x	as long as short
BingX TAO-USDTlong	+0.0100%	4h	315.42	long leg	—	$32.8M	—
edgeX TAOUSDC	+0.0100%	4h	315.17	−0.080%	$42K	$312K	10x	as long as short
GRVT TAO_USDT_Perp	+0.0100%	4h	315.17	−0.079%	$521K	$955K	10x	as long as short
ApeX Omni TAOUSDT	+0.0100%	1h	315.00	−0.133%	$46K	$255K	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	314.92	−0.159%	$77K	$859K	5x	as long as short
Bullet TAO-USD	+0.0100%	1h	315.24	−0.057%	$12K	$18K	20x	as long as short
SunX TAO-USDT	+0.0100%	4h	314.95	−0.149%	$1K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	314.82	−0.190%	$110K	$535K	20x	as long as short
Phemex TAOUSDT	+0.0100%	4h	315.07	−0.111%	$3.2M	$8.1M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	315.30	−0.040%	$173K	$998	3x	as long as short
Orderly PERP_TAO_USDC	+0.0132%	4h	315.16	−0.082%	$57K	$265K	10x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0146% / S +0.0127%	1h	314.99	−0.137%	$419K	—	100x	as long as short
Paradex TAO-USD-PERP	+0.0159%	8h	315.13	−0.093%	$14K	$1K	10x	as long as short
Aster TAOUSDT	+0.0187%	4h	315.12	−0.096%	$1.2M	$10.4M	50x	as long as short
Extended TAO-USD	+0.0200%	1h	315.19	−0.072%	$922K	$2.4M	25x	as long as short
Nado TAO-PERP	+0.0204%	1h	315.03	−0.122%	$801K	$2.2M	10x	as long as short
Hyperliquid TAO	+0.0268%	1h	315.64	+0.070%	$92.8M	$106.4M	5x	as long as short
01 Exchange TAOUSD	+0.0320%	1h	315.30	−0.038%	$3K	$4K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0330%	1h	315.25	−0.055%	$26K	$1.7M	25x	as long as short
BloFin TAO-USDT	+0.0340%	4h	315.30	−0.038%	$4.6M	$10.9M	100x	as long as short
Lighter TAO	+0.0344%	1h	315.50	+0.024%	$1.5M	$6.5M	5x	as long as short
Arcus TAO-USD	+0.0345%	1h	315.52	+0.032%	$99K	$438K	5x	as long as short
Backpack TAO_USDC_PERP	+0.0346%	1h	315.51	+0.029%	$316K	$913K	10x	as long as short
Pacifica TAO	+0.0365%	1h	315.26	−0.051%	$360K	$412K	10x	as long as short
Variational Omni TAO	+0.0497%	4h	315.29	−0.042%	$5.7M	$9.9M	—	as long as short
Phoenix TAO	+0.0581%	1h	315.40	−0.006%	$314K	$697K	5x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	315.03	−0.123%	$362	—	20x	as long as short
Bulk TAO-USD	+0.0933%	1h	314.34	−0.342%	$167K	$2K	10x	as long as short
RISEx TAO/USDC	+0.0991%	1h	315.24	−0.057%	$435K	$651K	5x	as long as short
Coinbase International TAO-PERP-INTX	+0.1008%	1h	316.12	+0.222%	$1.5M	$6.7M	50x	as long as short
Injective TAO/USDC PERP	+0.4222%	1h	318.85	+1.087%	$23K	$2K	12x	as long as short